Quote:
Originally Posted by disneysteve
To me, it means that you are spending everything that you earn at the time that you earn it. In other words, you are not saving any of your income. Forget paying all of next month's expenses. Many people living paycheck to paycheck couldn't pay Saturday's expenses if they didn't get their check on Friday.
My wife used to work with folks who would rush out at lunchtime on payday to cash their checks so that they had money to buy lunch that day. That's paycheck to paycheck.
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I think you are living check to check even if you are investing in your 401k. I consider 401k's and IRA's untouchable moneys. IMO, not living check to check means having an EF separate from investments.